Low Mortgage Rates Make It a Great Time to Buy a New Home
If you’re in the market for a new home, the recent activity of long-term Treasury yields is cause for celebration. Though they may sound unrelated, long-term Treasury yields and the homebuying market have an important relationship – home loan rates often follow the trend of long-term notes, such as Treasury yields, according to a recent article from the Washington Post.
Since the yield on the 10-year Treasury bond plummeted almost 11 basis points recently, this means that mortgage rates also drastically declined – in fact, they fell to the lowest rates in over a year! These low rates translate to an excellent opportunity to a buy a new home for potential new homebuyers.
The 30-year fixed-rate average, 15-year fixed-rate average and five-year adjustable rate all registered sharp drops in April, which marks a new low for 2016 and indicates a strong housing market in the second quarter, according to the Washington Post article.
Homebuyers who are looking to take advantage of this favorable climate and are also interested in an active adult community in Maryland need to look no further than The Villages at Two Rivers! Our 55+ community offers stunning new construction homes from the Classic Group, NVHomes and Ryan Homes, allowing you to enjoy the projected positive housing market this year with a new home that offers all the features you’re looking for.
But as beautiful as our homes are here, they’re not our whole story. Active adult residents in our community also enjoy the convenience of our central location in Crofton, Maryland, as well as various amenities – including a spacious clubhouse that will be opening soon!
The bottom line? Because of recent low mortgage rates, now is a great time to buy a home – and if you’re looking to a buy a home in an active adult community in Maryland, there’s no better place to do just that than The Villages at Two Rivers!
SOURCE: Washington Post